Business
Poultry Farmers Move To Tackle Egg Glut
The Poultry Association
of Nigeria, Plateau State chapter, has blamed egg glut on insurgency in the North-East and plans to organise a road show to enlighten the people on the health benefit of eggs.
The association’s Vice Chairman, Mr Hyacienth Na’anmiap, told journalists in Jos that the price of a grate of eggs had dropped from N700 in February to N400, yet people were not buying the commodity.
According to him, many eggs spoilt before being sold, as there was no longer patronage from the Nort-East, the producers’ largest market.
“Some of the eggs are taken to places like Maiduguri, Adamawa, Yobe and sometimes beyond Nigerian border to the neighbouring Chad, Cameroon and Niger Republic.
“But because of the security challenges in the states, the market we used to have from the zone is no longer there.
“We are working on re-establishing links with marketers and consumers in the zone, to re-assess the situation to see whether we can resume the supply of eggs to them.’’
“One of the modalities is to organise a road show with the permission of the Plateau Police Command to sensitise members of the public on the need to consume eggs.
“Because many people do not know that egg is one of the cheapest means of protein for the human body.’’
He said that another step agreed by the farmers to help salvage the situation was to seek the state government’s intervention.
“We want to meet with Governor Jonah Jang, who, until his election to the position, was the President of Poultry Co-operative Society.
“He contributed significantly to the growth of the industry in the state and we believe he will have some useful suggestions and support on how to deal with the situation,’’ he said.
He, however, commended the Plateau Government and other stakeholders who stood by the farmers during the 2012 glut and appealed to them to once again intervene to salvage the industry.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.